Columbia Research Enhanced Core ETF

Columbia Research Enhanced Core ETF (RECS) tracks the Beta Advantage Research Enhanced U.S. Equity Index. The index is a rules-based pick of roughly 325 to 400 large and mid-size US companies from the Russell 1000, screened for quality, value and company catalyst factors. Through December 31, 2025, the fund had beaten the Russell 1000 since its 2019 launch. At 0.15% a year, though, it costs more than most similar broad US stock funds.

• Over the year to Oct 27, 2026, RECS returned +11.1%, 7th of 9 among similar funds.
• Its 5-year annualized return was +13.3%.
• In the 2020 COVID crash it fell 34.3% and regained its old high 4.7 months after the low.
• Its worst full calendar year was 2022 (-14.4%); its best was 2021 (+33.2%).
• The deepest fall in its price history was 34.3% (Feb 12, 2020 to Mar 23, 2020), recovered by Aug 12, 2020.

As of Jul 31, 2026, the fund held 356 securities; the ten largest made up 40.38% of assets.

By sector

• Over the three months to Jul 31, 2026, investors added a net $211.5M (creations minus redemptions, per the N-PORT report).
• Monthly total returns reported for that quarter: +3.87%, -1.10%, +1.11%.

RECS is an index fund. It aims to match the Beta Advantage Research Enhanced U.S. Equity Index. The fund's adviser, Columbia Management Investment Advisers, built and sponsors that index, and FTSE Russell calculates it. The index starts with the Russell 1000, a broad measure of US large and mid-size companies. It then applies rules that weigh quality, value and company catalyst factors. This is called "strategic beta": fixed rules designed to beat a plain index, here the Russell 1000, rather than simply copy it. The result is usually 325 to 400 stocks. The fund held 356 as of July 31, 2026.

The index is reshuffled and rebalanced twice a year, in June and December. The fund mostly owns every stock in the index in about the same proportions. It can also use a sample or substitutes and may put up to 20% of its assets outside the index. As of July 31, 2026, about 3.8% sat in other funds, including communication services sector ETFs from State Street and Vanguard. Portfolio turnover was 32%.

The rules set no sector limits, and the managers don't take defensive positions in falling markets. The index was concentrated in information technology as of October 31, 2025. As of July 31, 2026, Apple and NVIDIA each made up about 11% of the fund.

• RECS charges 0.15% a year, versus an average of 0.08% for the similar funds below (8th of 9, cheapest first).
• Using the prospectus's standard example, $10,000 invested would cost about $15 in the first year and $192 over 10 years (assuming a 5% annual return).

It holds a broad mix of about 356 large and mid-size US stocks, so it could serve as a main US stock fund, though its rules-based tilt and heavy tech weighting make it less neutral than a plain market index.

RECS launched in 2019, so it has no record from the 2008 crisis. In the 2020 COVID crash it fell 34.3% between February 12 and March 23, 2020. It was back at its old high by August 12, 2020, about 4.7 months later. In the 2022 bear market it dropped 22% and took about 9.8 months to recover, reaching its old peak in July 2023. Its worst calendar year was 2022, at -14.3%. Anyone selling shares to cover spending during drops like these would lock in losses. Income is small: the trailing yield was 0.99% as of October 27, 2026, paid once a year. Costs are 0.15% a year, or $192 over 10 years in the SEC's standard $10,000 example. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.

Matched by holdings overlap from the latest N-PORT reports.